Allen Investment Management, LLC (New York)

Name: Allen Investment Management, LLC
Address: 711 Fifth Avenue, 10 Th Floor, New York, NY, 10022
Telephone: 212-832-8000

Allen Investment Management, LLC is a large advisory firm based in New York. It manages $5.54 billion of regulatory assets for 462 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of California, Massachusetts, and New York.

Allen Investment Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, selection of other advisers, and customized wealth management services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Allen Investment Management: assets under management

The assets under management (AUM) of Allen Investment Management, LLC is $5.54 billion. The firm's AUM has grown by 579% since the beginning of its operation, and $546.34 million of the total AUM is attributable to clients outside of the United States.

The firm manages $4.21 billion in discretionary accounts and $1.33 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $10.27 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $25.64 million.

Allen Investment Management has custody of $2.68 billion in cash and securities for 90 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 56% of the total AUM. The second-largest asset type is government bonds, which make up 14% of the firm’s portfolio. Investments in pooled investment vehicles form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Allen Investment Management, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Herbert Iii Anthony Allen serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Herbert Iii Anthony Allen is high net worth individuals with 117 clients and $5.4 billion of assets under management. Among the 9 most similar advisory firms, Allen Investment Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $5.54 billion for 120 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 16% of the firm’s clients are foreign persons or businesses.

Allen Investment Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Allen Investment Management, LLC

The company employs 25 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Herbert Iii Anthony Allen has been acting as President since 1 Nov 2002. Stephen Michael Hart joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kim Marie Wieland	Chief financial officer	1 Nov 2002	Other	2289822
Allen Operations Llc	Member	1 Nov 2002	75% - 100%	13-4195373
Herbert Iii Anthony Allen	President	1 Nov 2002	Other	1532662
Paul Alan Gould	Executive committee member	1 Nov 2002	Other	226570
Robert Alan Dean	Executive committee member	1 Nov 2002	Other	2372347
Rosemary Fanelli	Chief compliance officer	1 Nov 2002	Other	4276264
Bradley Allen Roberts	Executive committee member	1 Nov 2002	Other	1296846
Natasha Zaleema Majid	Chief compliance officer	1 Dec 2006	Other	3250279
Peter Diiorio	General counsel	1 Mar 2007	Other	5309583
Henry Edward Rosenberg	Chief compliance officer	1 Jun 2008	Other	4832286
Peter Diiorio	Chief compliance officer	1 Jun 2009	Other	5309583
Kevin Todd Medina	Chief compliance officer	1 Jul 2009	Other	4188562
Ashok Bhushan Chachra	Managing director	1 Apr 2010	Other	2510124
Stephen Michael Hart	Chief compliance officer	1 Mar 2015	Other	5021146

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Herbert Anthony Allen	Shareholder	1 Oct 1985	75% - 100%	3313
Allen Holding Inc.	Shareholder	1 Oct 1985	75% - 100%	13-3311050
Allen & Company Incorporated	Member	1 Sep 2002	75% - 100%	13-6176976
Herbert Iii Anthony Allen	Shareholder	1 Dec 2008	25% - 50%	1532662

Based in New York

The principal office where Allen Investment Management, LLC performs its advisory services is located at 711 Fifth Avenue, 10 Th Floor, New York, NY 10022, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-832-8000 or by fax 212-832-8023. The normal business hours are 9-5 pm on Monday - Friday. You can find more information about the New York firm at allencoia.com/.